Los Angeles daily herald., 1887-07-30
SATURDAY, JULY 80, 1857.

THAT California is country excep-
tional in the highest degree in the
values of real property, is a PROPOSE
tion daily receiving more marked em-
phasis. Nor is it as a sanitarium alone
that the State attracts the attention OF
the world. Her climate, so very
favorable to the best physical we'll
being of humanity, has remarkable
effect on the growth and development
OF all life, animal and vegetable. The
bluegrass regions of Kentucky have
TO take place after us in the production
of fine horses. The fleet flyers OF Cali
fornia walk away with the big stakes
of the turf all over the Union. The
same is true of the dairy interests.
Our whole coast country, with its
natural clovers and alfilerilla, beat
Orange county for butter, cheese,
milk and beef. In the vegetable
kingdom the choicest parts of France,
Spain and Italy cannot rank Before
the Sunset State. So true is this
that large amounts OF foreign
capital is being attracted here
for investment in our improved lands.
The sale of Senator Roses Sunny
Slope property to monied men of Lon
don is matter of the asst. The
price paid for that land was about
$500 per acre. A company of French
wine-makers offered the late Remi Ma
deau as good price for his 2000 acres
of vineyard south of the city. Mr..
Barton, of Fresno, has sold his vine-
yard at Fresno for English coin. That
gentleman used the grapes for the
most part in making raisins, but it is
said the new purchasers will convert
the crop into wine. The success o.
that may be questioned. Raisins are
made of Muscut and Muscatel grapes
neither of which are considered very
good for wine or brandy. Besides,
raisins pay better as things go
now than wine does. But
the English purchasers probably see
no opening in London for American
raisins to compete with the product Of
Valencia; while it is well known that
London opens a good market for an
unlimited amount OF fine wines of all
varieties and for fine brandy. Nor is
London the only European market
for the product of our grapes. A ship
now loading in Sun Francisco for Bre'
men, will carry out to that port about
1000 gallons of California brandy. Al
our brandy is made of pure wine, this
equals some 10000 gallons of wine
These are straws, stirred by small
breeze, but they show the direction Of
current destined to grow to gale
Go into any part of southern Europe
and try to buy piece of sound vine
yard. There is no boom in those
staid old communities along the Rhine
Rhone, Mozelle or Guadalquiver
Values are on fixed basis, cemented
by the revenues of'500 years. MOI
one piece of such lands would 81 ,000
an acre touch. The average land.
owner is a pretty shrewd trader, and
when he finds that he can buy vine
yards in California for one-third what
they cost in Europe, and that the
grapes are just good, he is likely
quietly to obtain proprietary right
in a large amount OF such property.
London is plethoric of coin anx-
iously awaiting investment at
three per cent. Let it become
known that fine vineyards about Los
Angeles can be had for a price on
which they will pay about 20 per cent.
per annum interest; and that the title
to these lands is perfect and under the
care of just and stable government
the most so in the world-there will
be a demand for such investments.
We need not be at all surprised if the
far-seeing Londen trader gets hold of Il
large area OF our vineyards at $3.50 to
$500 per acre, and sets the price up to
$1,000 to $500.